Financial regulator’s stance is in line with pay guidelines, according to European Banking Authority

The European Banking Authority on Thursday confirmed the U.K. has fallen in line with the continent’s strict bonus rules.

The European Union passed rules capping bank bonuses at up to twice fixed pay in 2013. Many banks, particularly those in the U.K., have gotten round this by paying “role based allowances” for top executives, which banks say aren’t performance-related, like bonuses.